Convert Djiboutian Franc to Moroccan Dirham
Please provide values below to convert Djiboutian Franc [DJF] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Djiboutian Franc.
How to Convert Djiboutian Franc to Moroccan Dirham
1 DJF = 19.7285836395324 MAD
Example: convert 15 DJF to MAD:
15 DJF = 15 × 19.7285836395324 MAD = 295.928754592986 MAD
Djiboutian Franc to Moroccan Dirham Conversion Table
| Djiboutian Franc | Moroccan Dirham |
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Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.